Yen Bai Province authorities visit Hoa Sen Group’s new construction steel manufacturing plant. — VNS Photo

Steel maker Hoa Sen Group on Friday inaugurated a plant that can produce 60,000 tonnes of steel construction pipes annually in the northern province of Yen Bai.

The 20ha Hoa Sen Yen Bai cost VNĐ1.05 trillion.

It is expected to meet the demand for steel pipes in the north-west.

The production lines incorporate modern technologies imported from foreign countries, the company said.

In the first phase, the plant would employ 100 workers, it said.

Expanding production is one of its strategies now, it added.

Hoa Sen has 11 plants around the country equipped with modern technologies.

Spreading them around the country helps the company save transport costs and reduce delivery times.

It is also focusing on developing its distribution system by opening more branches and sales points. It now has 400 branches.

The giant steel maker exports its products to many markets around the world. — VNS